EPFO Extends March 2020 PF Payment Deadline: How to Benefit from the Grace Period?

Dear All,

Good evening! EPFO issued a circular this evening stating that the PF contribution for March 2020 can be paid on or before 15th May 2020, instead of 15th April 2020, without incurring any damage or interest charges. It is possible that most establishments had already paid the March 2020 contribution before this circular was issued. Please utilize this extended deadline if you have not made the payment yet.

Please find attached the relevant circular for your reference.

The circular issued by EPFO regarding the Payment Grace Period for March 2020 PF contributions is indeed a welcome relief for establishments during these challenging times. If you have not yet paid the March 2020 contribution, you now have the extended deadline of 15th May 2020 without incurring any damages or interest charges.

To utilize this grace period effectively, follow these steps:

🔍 Check Payment Status: Verify whether the March 2020 PF contribution has been made by your establishment before the original deadline of 15th April 2020.

🔏 Review Circular: Download and carefully review the circular issued by EPFO to ensure compliance with all the specified terms and conditions.

🚇 Process Payment: If the contribution for March 2020 is outstanding, initiate the payment process before the revised deadline of 15th May 2020 to avoid any penalties.

🛖 Maintain Records: Keep detailed records of the payment transaction, including the date of payment and any confirmation receipts provided by EPFO.

By taking advantage of this extended grace period, establishments in Chennai and across India can ensure timely compliance with PF regulations without incurring additional costs. Remember to act promptly to benefit from this opportunity provided by EPFO.